'Sherlock Oz', unravels Chanrai's path to ownership

 

Gentlemen...

I read an online report of the latest going's on down at dear old Fratton (true it was in the Sun online, but if it has anything to do with Pompey, I read it no matter who wrote it).......

Anyway, I know I am cynical, but when you stop to think about it, all the statements from BC about not wishing to own the club, start to become, if not the whole truth, well, only a part of the real truth.... this is how I am beginning to see the whole saga to date.

We are up for sale, along comes a Walter Mitty with dreams of grandeur, months go by and no money is paid for the purchase, out goes Storrie to find a new buyer, he finds a consortium willing to purchase.

Oh no, says Sacha, I am not selling to them, they have a nasty man who sued my dear old Daddy. Here you are Mr Mitty, the club is yours, pay me when you have the cash....with me so far?...... Then within a few weeks, the said, Mr Mitty, suddenly decides he cannot pay Mr Gaydamak jnr, so sells 90% of the club to a mysterious figure, who calls himself Mr Al Faraj.

Who is this wonderful benefactor who has saved our club from the brink of extinction we all exclaim.... Well, despite the concerted efforts of the national press and Pompey fans worldwide, no trace of Mr Mystery benefactor can be found, not even PS or the self proclaimed lawyer for Mr Mystery benefactor can profess to ever meeting him.

Does he exist? we wonder, the answer must be yes, after all he is putting money into the club. Obviously he is just a Howard Hughes type wealthy recluse.......still with me???....

But hold your horses fellow Pompey fans of this world. He has not put a penny of his own money into the club, it is all loans from the previously mention Mr nasty man, who successfully sued Sacha's lovable dear old Daddy. In fact around 75% of the money loaned to Mr Mystery benefactor by Mr Nasty Man, actually comes out of the pocket of Sacha's dear old dad, being the figure that was obtained by Mr Nasty suing the dearly beloved Mr Gaydamak snr.....I hope you are all still following this.......

Mr Nasty inserts a clause in the loan contract, giving him the right to seize control of the club, if my mystery benefactor does not pay his dues. Ok no problems there. That it is a strange clause, ( well it is to me,I have never heard of such a clause between two business' where one party can take over the other parties business without any legal action prior... maybe you guy's can enlighten me, that is if you are still following all this...) Mr Mystery Benefactor just ensure he pays his installments and nothing to worry about, he still owns PFC.

The weeks fly buy and the latest Sheriff in town, the afore mentioned, Mr Mystery Benefactor, through statements from his unmet Deputy Sherriff, ensure us that all is well in Dodge. Even though it is plain for all to see, that the cowboys are running riot in the town after dark ( as I am on the other side of the world, all the fun happens there when  darkness has fallen here....but that is digressing from the main story line, no pun intended by the way..).The sheriff is not paying his taxes, so in rides the U.S. marshall, in the form of Mr Nasty Man (remember him?) who had previously coveted the Sheriff's shiny badge from afar, but was denied wearing it by Mr Gaydamak jnr, because of his peacekeeping shenanigans with dear old Gaydamak snr ....and without getting an order from the local judge, removes the Sheriff from office, sacks all his Deputy Marshal's and assumes the position of Sheriff himself and immediately starts to lay down his own version of peace keeping.

Now if you were following closely, you will maybe come to the same conclusion as I have......... That BC who had previously wanted to buy the club, but was denied the purchase by SG, now a few months down the track, through various legal means now owns the club he was prevented from buying in the first place.

Now if all goes well and we don't drop over the precipice because of BC assuming control, then these last few months of financial worries would not have happened if Sacha had just sold to BC in the first place, the fact that he now seems to be endorsing BC's takeover, leads me to think he made a mistake in the first place, that if he had sold to BC, he quite probably would have any money owed to him paid by now, or at least a large proportion of it. Now assuming I am correct, the sad truth is, PFC has been stuck in the middle of two businessmen trying to outdo each other's ego....

But let me state for the record....

"Welcome , Mr Chainrai."

Your statement is the most honest and direct statement to come out of Fratton Park in many years.

Regardless of what has, or indeed has not, occasioned in the last few months, for the first time in a long time, I personally am starting to feel reassured of our safe future, through yourself. If your tenure at Fratton Park proves only brief, if you leave with Pompey on a safe and secure platform, regardless of which division of the league we are playing, take with you the knowledge that no Pompey fan in the world will ever forget you.  You will remain in our folklore as a legend. The man who kept our passionately loved club safe and secure".....





Posted Sun, Feb 7 2010 10:55 AM by ozpompey
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Comments

c h r i s wrote re: 'Sherlock Oz', unravels Chanrai's path to ownership
on Sun, Feb 7 2010 11:24 AM

Many thanks Sherlock. Very revealing.

The next question is what will happen with the winding up petition. Surely despite his claims to the contrary, Chainrai is not going to watch his investment go belly up by not injecting sufficient cash to see us through?

DaveB wrote re: 'Sherlock Oz', unravels Chanrai's path to ownership
on Sun, Feb 7 2010 11:39 AM

I especially agree with your concluding words Oz. Chanrai, whether we believe him to be genuine or not, has said what the Pompey fans want to hear. And that has to be progress compared to the preceding communication over recent months (or indeed lack of it). I for one will now give him the chance to deliver a new owner in the manner he has suggested and it is encouraging that there are talks already underway. Give everybody a chance until they give you a reason not to is what I say. If he can also achieve a delay to the HMRC meeting on Wednesday (which I'm uncertain that he will) then he will have achieved more in a few days than the previous two owners have in months.

blueballoo2000 wrote re: 'Sherlock Oz', unravels Chanrai's path to ownership
on Sun, Feb 7 2010 11:56 AM

Balram Chainrai was part of a group including Maneh, Yossifoff, Kushnir and Azougy.

They wanted to take over the club from Gaydamak. For some reason the club was sold to Fahim. When they took over from him, all the principal owners, Chainrai, Kushnir, Maneh, Yossifoff and Azougy, owned the club via Al Faraj as a proxy, but Al Faraj is not one of them.

This group of business people have links together going back years and have been involved in deals like this before. Beitar Jerusalem was owned by Gaydamak, looted by Azougy and then owned by Chainrai.

Same deal with Ameris Holdings. Same sort of deal with Maneh, Yossifoff and Maccabi Tel Aviv.

All these guys have been intimately involved in this Al Faraj fiasco from day one and the idea that Chainrai is being straightforward is fanciful at best. He has bought the club with gaydamaks own money, as he admitted on Friday.

If you think there is anything honest and straightforward about this you are sadly mistaken. Avram Grant signed his contract in Ron Manehs front room with Yoram Yossifoff and Danny Azougy. Maneh and Yossifoff have also sued Gaydamak, won assets, Azougy has got involved and then the assets have been sold on.

This is some kind of international games in which Portsmouth Football Club is a pawn.

Chainrai said to the Guardian he 'regrets being involved with Al Faraj and his associates' - whose associates are they Balram? He knew damn well who Azougy was - gaydamaks asset stripper - and then he takes money he wins from gaydamak one week and puts it into a football club controlled by Danny Azougy almost the next week?

Honest and straightforward?

blueballoo2000 wrote re: 'Sherlock Oz', unravels Chanrai's path to ownership
on Sun, Feb 7 2010 11:58 AM

Dave B, he is one of the owners. He was one of the owners from the start. He has just stepped forward and cut Al Faraj out of the loop in order to maximise the sale price for him and his colleagues and to make sure no-one else gets a slice.

According to the Mail, Chainrai has already repaid himself £14m out of the club and is only owed £3m, so he got the club for £3m, and that was Gaydamaks money in the first place.

ozpompey wrote re: 'Sherlock Oz', unravels Chanrai's path to ownership
on Sun, Feb 7 2010 12:06 PM

blueballo, why is it every article on here, be it tongue in cheek or serious, you feel the right to condemn it??...

have you ever spoke to the man??....has anyone ever showed you the financial books at Fratton Park??...of course not. instead of telling everyone you know everything and you are right every five minutes, allow people to make thier own minds up.... they will respect you more for it than trying to shove your assumptions down their throat......

Lighten up mate, its a website not the House of Commons........

DaveB wrote re: 'Sherlock Oz', unravels Chanrai's path to ownership
on Sun, Feb 7 2010 12:32 PM

I think we are at a point now where Honesty and being Straightforward are largely irrelevant as far as Chanrai is concerned. He has set himself up to deliver and what really matters is the integrity of any interested parties that may ultimately become the new owners. Anything else is shutting the door after the horse has bolted.

blueballoo2000 wrote re: 'Sherlock Oz', unravels Chanrai's path to ownership
on Sun, Feb 7 2010 12:34 PM

In fact, the ONLY articles I have commented on are the one that was attacking me and the right of reply I wrote. I have commented on this precisely because of the following;

Oz, matters of opinion are fine, but the assertion in the article is that;

"Your statement is the most honest and direct statement to come out of Fratton Park in many years."

Lets examine the track record here;

Chanrai put Gaydamaks money into Pompey. Half of that money belongs to Levi Kushnir though who continues to claim he is not involved with Pompey in any way.

Is that open and honest?

kushnir came to Hull V Pompey and said that was his "match for the decade" so of course he was back on tuesday for the league cup against Stoke and since.

Chainrai says he heard about the deal after he won the money from gaydamak and was looking for an investment opportunity, and he heard about Al Farajs ownership from Gaydamak associates.

However, as you rightly point, Chainrai was part of the original consortium attempting to buy Pompey according to a variety of people - and has been named as the man Gaydamak 'objected to'.

So he heard about in October having forgotten this was the football club he tried to buy in August?

Open and honest?

As Maneh, Yossifoff, Chainrai and Kushnir have plainly been involved in Pompey from the get-go, yet all have been happy to keep up the theory that Al Faraj was the sole owner.

One day Yossifoff was not involved in Pompey in any way, he was "just a football fan" who flies from Israel to watch Pompey at Sunderland....the very next day he was quoted (he is a top Israeli lawyer), as the man devising out HMRC legal strategy. He and Chainrai go back a long way.

The list of connections between these guys go back years and across a huge number of associations. yet they maintain that Al Faraj owns the club. And just at the moment a rich Arab expresses an interest, Chainrai cuts Al Faraj out of the loop and takes control.

These guys have been taking assets in law suits, involving Azougy and then selling on for a few years now, and they are all involved with the Gaydamaks.

Do I know exactly what is going on? I don't. Do I know, (from doing a huge amount of research, talking to Israeli and Arabic journalists and English investigative journalists) that there is a game being played here by a bunch of guys who have been anything but open and honest?

yes. I wouldn't encourage anyone ele to waste as many hours as I have doing this stuff because no-one really knows what the game is barring the guys involved, but what I can safely tell you is that there is a lot more going on than we are being told.

I am not having a go - I just want people to think very carefully before they think of Chainrai as some kind of breath of fresh air. He has been in it since day one, he knew exacty who Azougy was and now the transfer window is over and the club is having its generators, fridges at the training ground, youth team minibuses and so on repossessed he is gone. And we are asked to believe this is because Chainrai didn't want to be involved with him? As he took Beitar Jerusalem immediately after Azougy had looted it, why would he then put money into a club Azougy was running? And Gaydamaks money at that?

Open and honest?

blueballoo2000 wrote re: 'Sherlock Oz', unravels Chanrai's path to ownership
on Sun, Feb 7 2010 12:34 PM

dave B - I agree with that. All we want now is for Chainrai to sell and get the hell out of dodge and take his friends with him.

ozpompey wrote re: 'Sherlock Oz', unravels Chanrai's path to ownership
on Sun, Feb 7 2010 2:03 PM

blueballoo, this is the only time i will reply to you, as it is a waste of time trying to have any sensible conversation with you, you are too busy repeating yourself and shouting down anyone who has an opinion that does not conform to your own estimation of the whole saga.... but i will ask you to answer to yourself one question...do you have a sense of humour ??....if so read the article again, and have a laugh for gods sake.......

no further discussion will be entered into by ozpompey.....

peckham exile wrote re: 'Sherlock Oz', unravels Chanrai's path to ownership
on Sun, Feb 7 2010 5:11 PM

Dear old Mr.Balloo,you say that you have obtained all you information from JOUNALISTS !!!!.makes me wonder why  you bothered.i take it these are the same people that have been printing garbage about Pompey for months,and about everything else for centuries. so when you "state the facts" what you really mean is"my guess as i see it is" not based on any facts whatsoever apart from my journo mates opinion.

enough said

stooH wrote re: 'Sherlock Oz', unravels Chanrai's path to ownership
on Mon, Feb 8 2010 11:25 AM

Peckham exile - What journalists know and what they choose/are able to report are often two wildly different things.

ozpompeyite wrote re: 'Sherlock Oz', unravels Chanrai's path to ownership
on Tue, Feb 9 2010 5:49 AM

Loved the article OZ. Gave a really good overview I could understand and with a neccessary touch of humour !

I also really appreciate Blues information, and the time and energy he puts into it as well.

I don't think he's really having a go it's just the heavy style he writes in - personally I'd love to see you both co author a new article :-)

lol

and

PUP !

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